The company reported an Organic Revenue growth rate of 9.5%. This indicates continued success in expanding the business through internal initiatives and market penetration.

The company's acquisitions contributed significantly to revenue growth. The company acquired 22 businesses and adjusted purchase prices for previous acquisitions.

Part of the company's business strategy is to attract high-quality insurance intermediaries and service organizations to join their operations. From 1993 through the third quarter of 2024, they acquired 664 insurance intermediary operations.

The company fosters a strong, decentralized sales and service culture, which enables responsiveness to changing business conditions and drives accountability for results.

The CEO and CFO concluded that the design and operation of the Disclosure Controls were effective to ensure that information required to be disclosed is recorded, processed, summarized and reported.

There has not been any change in the company's internal control over financial reporting identified in connection with the Evaluation that occurred during the quarter ended September 30, 2024, that has materially affected, or is reasonably likely to materially affect, their internal control over financial reporting.

There were no material changes in the risk factors previously disclosed in Item 1A, “Risk Factors” of the Company's Annual Report on Form 10-K for the year ended December 31, 2023.

The company is exposed to market risk through investments, revolving credit line, term loan agreements and international operations. The company is exposed to interest rate fluctuations, foreign exchange rates, and equity prices.

The company is involved in numerous pending or threatened proceedings by or against Brown & Brown, Inc. or one or more of its subsidiaries that arise in the ordinary course of business.

The company has grown revenues as a result of its focus on new business, customer retention and acquisitions. They foster a strong, decentralized sales and service culture, which enables responsiveness to changing business conditions and drives accountability for results.

The company is a diversified insurance agency, wholesale brokerage and insurance programs organization headquartered in Daytona Beach, Florida.

Part of the company's business strategy is to attract high-quality insurance intermediaries and service organizations to join their operations.

EBITDAC Margin - Adjusted for the Programs segment increased to 48.2% from 44.6% due to leveraging our expense base and the sale of certain third-party claims administration and adjusting services businesses in the fourth quarter of 2023.

Other operating expenses represented 13.9% of total revenues, as compared to 15.7% for the third quarter of 2023. This indicates improved cost management.

The Wholesale Brokerage segment's total revenues for the three months ended September 30, 2024 increased 14.0%, or $21 million, as compared to the same period in 2023, to $171 million.

Other operating expenses increased due to increased information technology related costs. This indicates ongoing investments in technology infrastructure and systems.

The 10Q filing does not provide specific details on R&D investments or technological capabilities.

The 10Q filing does not mention any specific digital transformation efforts.

The company has outstanding approval to purchase up to approximately $249 million, in the aggregate, of the Company's outstanding common stock.

On October 23, 2024, the Board of Directors approved a dividend of $0.1500 per share payable on November 13, 2024 to shareholders of record on November 6, 2024.

Capital expenditures increased 64.3% to $23 million. This indicates increased investment in fixed assets and infrastructure.

The 10Q filing does not provide specific information on ESG initiatives.

The 10Q filing does not mention any specific environmental commitments.

The 10Q filing does not mention any specific governance practices.

The company expects to process additional flood claims resulting from Hurricane Milton, which occurred in October 2024. These balances primarily relate to claims activity from Hurricane Helene which occurred in late September 2024.

Congressional authorization for the NFIP is periodically evaluated and may be subject to potential government shutdowns.

Changes in general economic and competitive conditions affect the company's revenues. Higher levels of inflation could decrease the value or amount of insurable exposure units.